The CEO of Thyssenkrup sees the CEO of the Market Band

Thyssenkrup Marine Systems, Thysenkrup Marine Systems, expects the market size three times by the end of the contract, according to CEO Oliver Burkard.

“This market that can be achieved in electronics, drones, surface ships and submarines, we expect to double or even three times by the end of this contract,” Burkard told CNBC on the sidelines of the Singapore Defense Technology Summit.

That comes on the back The German parliament votes in favor of a major financial packageWhich includes changes to long -term debt policies to enable higher defensive spending.

Burkard said this step shows that “when it comes to the defense budget, there is no longer more or less.”

The proposed changes mean that some security expenditures that exceed a specific threshold will not be subject to the debt brake, which limits the amount of debts that the government can take and dictate the size of the structural budget deficit of the federal government.

“This is unusual for Germany,” Burkhard said, noting that the reform was accompanied by It is said that German Chancellor Friedrich Mirz says “In light of the threats that threaten our freedom and peace on our continent, our defense base must now be” everything that requires it. “

Burkard highlighted that “the Germans usually do not say” whatever the matter “, because () () is very irrational. We have the main performance indicators, we have numbers, we have controversy, we have surveys, we have research. Based on that, then we say something, but we have never said” everything that it takes “and” everything that it takes is “unlimited or less.”

He added: “This means, whether it is 500 billion (euros) or more, it is a kind of special financing that has not been, unprecedented since 1945.”

He said that what this means for the defense industry in Germany is that the government wants to accelerate projects and buy more industry.

Thyssenkrup Marine Systems, or TKMS, is the warship division of Thyssenkrup, and the manufacture of marine ships and submarines.

When asked if the company imagined the shift from the construction of traditional marine ships to unmanned marine aircraft, such as those used in the Russia-Ukraine war, Burkard suggested that it had been described better as “extension” of the current marine platforms, such as submarines surrounded by drones over the water.

Bochrd gave an example, saying that customers may not ask for four submarines, but perhaps two, with 50 independent vehicles.

He admitted the obstacles to building capacity, saying, “Everyone has higher budgets. Everyone wants to have faster, and the demand is very strong.”

TKMS a The new shipbuilding basin in the northern city of WesmarAnd that will be used to produce new ships for Germany, Norway and Israel, in addition to traditional shipbuilding facilities in Kiel and an attachment in Brazil.

But Burkhard also acknowledged that the company would have to search for partnerships if it wanted to expand. He pointed out in a A joint venture earlier in 2025 With Mazagon Dock builders in India, through which TKMS will help and engineer six submarines for the Indian Navy. MDS will build it in India.

It was TKMS In newspaper headlines recentlyOn the news that will be copied from the parent company Thyssenkrup and insert it on the Frankfurt Stock Exchange. CEO Burkard revealed that we will “try to do this by this orthodontic year.”

Investors seem to have taken well to increase defensive spending appetite. On a general basis, the shares of the thyssenkrup increased by 155 % as of March 19. This momentum, as Burkard said, improves the horizons of separation this year.

He said that the message from Spinoff is clear: TKMS on “Road to Independence”.

He added that Thyssenkrup shareholders “have suffered” over the past few years in light of issues in her hard and cars. Reports From Reuters and German media It revealed that the company is scheduled to reduce 1,800 jobs in the auto department, and 11,000 jobs in the steel sector.

Burkhard said that TKMS is “Pearl” in the thyssenkrup wallet for the mother company, adding that Spinoff will allow investors to participate in the company’s growth story.

“We are trying to turn this pearls and give all shareholders from the TKMS class, and then they can make a decision on the first day of circulation whether they want to keep them … I think they really appreciate what we are.”

– Sophie Kiderlin of CNBC contributed to this report.